🚀 Animoca Brands Co-Founder Discusses Future Plans and Institutional Support for Cryptocurrency
#AnimocaBrands #YatSiu #UserGeneratedContent #Web3 #Cryptocurrency #InstitutionalSupport #AltcoinMarket #KoreaBlockchainWeek #TON
According to Odaily, Animoca Brands co-founder Yat Siu emphasized the importance of user-generated content (UGC) in an interview during Korea Blockchain Week. He stated that without UGC, the internet would be worthless. When asked about the future plans of Animoca Brands, Siu acknowledged that the company's direction is constantly evolving. He mentioned, 'There is no definitive plan at the moment, but I can say that Animoca Brands will continue to invest in the development of the Web3 ecosystem.'
Siu also highlighted the necessity of institutional support for cryptocurrencies. Drawing a comparison with traditional finance, he noted that over 80% of investments in the U.S. stock market come from institutions. He argued that projects backed by institutional credibility are more likely to gain public trust. Siu believes that the rise of institution-grade tokens will shape the future of the altcoin market.
When questioned about the dramatic events involving TON CEO Pavel Durov and France, Siu responded candidly, 'We are not worried. Regardless of what happens with Pavel Durov, the ecosystem continues to evolve.'#AnimocaBrands #YatSiu #UserGeneratedContent #Web3 #Cryptocurrency #InstitutionalSupport #AltcoinMarket #KoreaBlockchainWeek #TON
🚀 Animoca Brands Co-Founder Discusses Institutional Support in Crypto Market
#AnimocaBrands #YatSiu #CryptoMarket #InstitutionalSupport #Bitcoin #Ethereum #Solana #TON #BitcoinETF #RetailInvestors #BlackMythWukong #AsianGaming #CulturalBoom
According to Odaily, Animoca Brands Co-Founder and Executive Chairman Yat Siu recently highlighted the performance of various tokens in an interview. He noted that while some tokens have underperformed, others like Bitcoin, Ethereum, Solana, and TON have shown strong performance. The key differentiator, according to Siu, is institutional support. Projects backed by institutions tend to exhibit more stability. He emphasized that the cryptocurrency industry is now entering an era dominated by institutional investors, starting with the Bitcoin ETF. This shift implies that to stand out, projects need institutional backing. Unlike the traditional stock market, which is dominated by institutional investors, the token market is primarily driven by retail investors. In an institutional investor market, projects are thoroughly researched due to the need for substantial purchasing power and long-term planning.
Additionally, Siu commented on the recent success of the game 'Black Myth: Wukong.' He expressed pride in the game's global popularity, describing it as an exciting moment. The game's success, he noted, is partly due to the early efforts of Asian gaming companies and the cultural boom led by Asia.#AnimocaBrands #YatSiu #CryptoMarket #InstitutionalSupport #Bitcoin #Ethereum #Solana #TON #BitcoinETF #RetailInvestors #BlackMythWukong #AsianGaming #CulturalBoom
🚀 Hong Kong Securities Regulator Projects Budget Deficit And Proposes New Positions
#HongKong #SecuritiesRegulator #BudgetDeficit #SFC #FiscalYear #VirtualAssets #MarketSurveillance #EnforcementInvestigations #InformationTechnology #InstitutionalSupport
According to PANews, the Hong Kong Securities and Futures Commission (SFC) has submitted its financial budget proposal for the upcoming fiscal year to the Legislative Council's Financial Affairs Committee. The SFC has updated its deficit forecast for the current fiscal year (2024/25) to HKD 148 million and anticipates a deficit of HKD 238 million for the 2025/26 fiscal year. Additionally, the SFC has proposed the creation of 15 new positions. Of these, eight roles are intended to bolster the regulatory framework for virtual assets, enhance market surveillance, and support enforcement investigations. The remaining seven positions aim to strengthen information technology and institutional support.#HongKong #SecuritiesRegulator #BudgetDeficit #SFC #FiscalYear #VirtualAssets #MarketSurveillance #EnforcementInvestigations #InformationTechnology #InstitutionalSupport
🚀 🔥 Matrixport: Ethereum Price Strength Reflects Institutional Support and Long-Term Policy Tailwinds 🔥
#Ethereum #InstitutionalSupport #Stablecoin #GENIUSAct #LongTermOptimism #Cryptocurrency #DigitalGold #MarketTrends #PriceResilience #TechnicalSupport #ETH
Key Points:Ethereum shows structural price resilience despite weak on-chain activity.Institutional treasury allocation and active stablecoin issuance are supporting ETH’s strength.The GENIUS Act and seasonal July trends may be adding to long-term optimism.According to a report released by Matrixport, Ethereum’s recent price performance has demonstrated resilience beyond what current on-chain fundamentals would suggest. Despite persistently low gas fee activity and subdued network usage, ETH prices have continued to rise steadily.Matrixport attributes this trend to several structural drivers:Institutional Adoption: A growing number of institutions are reportedly integrating ETH into their treasury strategies, reinforcing Ethereum’s role as a "digital gold" within diversified portfolios.Stablecoin Activity: The continued issuance of stablecoins on the Ethereum network is contributing to liquidity within the ecosystem, helping maintain price momentum.Regulatory Support: Advancements around the U.S. "GENIUS Act" are seen as medium- to long-term tailwinds, potentially easing compliance pathways and encouraging broader institutional involvement.In addition, the firm points to seasonal strength during July as a factor enhancing positive market sentiment.Matrixport analysts conclude that Ethereum’s current price structure reflects not just market inertia, but a growing alignment between fundamentals and investor expectations. For ETH long position holders, the $2,500 level remains a key technical support area.#Ethereum #InstitutionalSupport #Stablecoin #GENIUSAct #LongTermOptimism #Cryptocurrency #DigitalGold #MarketTrends #PriceResilience #TechnicalSupport #ETH
🚀 Blockchain Chains with Low Monthly Fees Highlight Institutional Backing
#Blockchain #DeFiLlama #MonthlyFees #InstitutionalSupport #Stroy #Corn #Mode #BlockchainChains #NS3AI
DeFiLlama data indicates that over 60 blockchain chains have monthly fees below $1,000. According to NS3.AI, several of these chains receive substantial support from major institutional investors. Notable examples include Stroy, which incurs $707 in fees, Corn with $424, and Mode with $400 over a 30-day period.#Blockchain #DeFiLlama #MonthlyFees #InstitutionalSupport #Stroy #Corn #Mode #BlockchainChains #NS3AI
🚀 Michael Saylor Predicts Shorter Crypto Winter Amid Institutional Support
#MichaelSaylor #CryptoWinter #Bitcoin #InstitutionalSupport #BlackRock #BitcoinETF #CryptoForecast #BTC
Michael Saylor has acknowledged the ongoing crypto winter, suggesting it will be shorter and milder compared to previous cycles. According to NS3.AI, Saylor emphasizes the growing institutional and banking support for Bitcoin, notably BlackRock's efforts to launch a Bitcoin ETF. Forecasts for Bitcoin's price indicate significant growth potential, with estimates projecting values exceeding $166,000 by 2030 and beyond.#MichaelSaylor #CryptoWinter #Bitcoin #InstitutionalSupport #BlackRock #BitcoinETF #CryptoForecast #BTC
🚀 Bitcoin Rallies 9% Following Pro-Bitcoin Federal Reserve Nomination
#Bitcoin #KevinWarsh #FederalReserve #BitcoinSurge #Ethereum #Cryptocurrency #DigitalAssets #Macroeconomics #InstitutionalSupport #Gold #CryptoMarket #BTC #ETH
The White House has nominated Kevin Warsh as the new Federal Reserve Chairman, a decision perceived as favorable for Bitcoin. According to NS3.AI, this announcement triggered a 9% surge in Bitcoin's price within 12 hours, resulting in over $530 million in liquidated short positions. Ethereum also experienced an 11% increase. The nomination has prompted a shift in capital from traditional safe havens like gold to digital assets, indicating growing macroeconomic and institutional support for cryptocurrencies.#Bitcoin #KevinWarsh #FederalReserve #BitcoinSurge #Ethereum #Cryptocurrency #DigitalAssets #Macroeconomics #InstitutionalSupport #Gold #CryptoMarket #BTC #ETH